- OpenAI’s release of text-to-video AI model Sora saw AI-based tokens soar.
- Worldcoin token skyrocketed to new all-time high on February 19 and could target $10 this week.
Worldcoin (WLD) token is among the best performing crypto tokens this week after posting a 176% upside move.
The project, which looks to have benefitted from the latest news around OpenAI, saw its WLD token surge to a new all-time high of $7.95 across major exchanges on Monday, February 19.
According to details from CoinGecko, Worldcoin’s value has moved from lows of $3.70 in the past three days. Another surge for WLD in coming days could see it target the $10 level. There’s potential for Worldcoin entering price discovery mode as Bitcoin leads the crypto market higher.
WLD token skyrockets amid AI sentiment
As well as Worldcoin, other AI related tokens that have seen significant upside in the two/three days include Fetch.AI (FET), Render (RNDR), Livepeer (LPT), Ocean Protocol (OCEAN) and SingularityNET (AGIX). These coins have all risen more than 30% this past week.
The gains follow OpenAI’s release of Sora, the AI company’s groundbreaking generative AI system that gets realistic looking videos from text input. The debut of the text-to-video AI model provided an upside boost for the above AI-based tokens.
Worldcoin, co-founded by OpenAI CEO Sam Altman, led the charge, with the price spike coming as the WLD team announced that the project’s wallet, World App, had surpassed the 1 million daily users mark this past week. The user count has been on the upward trajectory in recent weeks.
World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible 🫡 pic.twitter.com/Mf6Y51gscQ
— Worldcoin (@worldcoin) February 17, 2024
Meanwhile, Livepeer spiked after the project’s team revealed plans to bring Sora capabilities to its users. The decentralized video infrastructure protocol said it is eyeing integration over coming months.